Representative image (Picture credit: IANS)
BENGALURU: The Supreme Court has admitted two appeals in the ongoing insolvency proceedings of Think & Learn, the parent entity of Byju’s. The appeals were filed by the company’s promoters and cricket body BCCI. The apex court has scheduled the next hearing for July 21.The cases stem from the insolvency application filed by the BCCI, which alleged unpaid dues from Byju’s, a former Team India sponsor. However, both BCCI and Byju’s claimed that a Rs 158-crore settlement was reached and executed before the constitution of the committee of creditors (CoC). The promoters are seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP) based on this pre-CoC agreement.Senior advocate KK…
